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Regulation

Packaging regulation and deposit schemes

No documented connections to other themes yet.

Strongest quotes

Amcor · Driver

“Government bans of, or restrictions on, certain materials or packaging formats may close off markets to Amcor's business. For example, governmental authorities in the U.S., Europe and in other countries have become increasingly focused on the contamination of soil, air, and water exacerbated by the use of non-degradable chemicals, including per- and polyfluoroalkyl substances ("PFAS"). Various U.S. states have implemented, or are in the process of implementing, laws to restrict the use of PFAS in various applications, including in packaging materials or production processes. While we believe we are in compliance with existing regulations, the cost of compliance in the future to modify our products or production processes may be significant and adversely impact our financial position, results of operations, and cash flows.”

Annual report 2026A · The company itself

Avery Dennison · Driver

“A substantial amount of our label materials is sold for use in packaging in the food, beverage, and home and personal care market segments. In recent years, there has been an accelerated focus on sustainability and transparency in sustainability reporting, with greater concern regarding climate change and single-use plastics, corporate commitments and increasing stakeholder expectations regarding the reuse and recyclability of plastic packaging and recycled content, and increased regulation in multiple geographies regarding the collection, recycling and use of recycled content. Changes in consumer preferences, laws and regulations related to the use of raw materials and extended producer responsibility rules focused on the end-of-life of products, particularly in Europe and certain states in the United States, present the risk of reduced demand for certain of our products if customers seek decoration technology alternatives to pressure-sensitive labeling, but also the opportunity for increased demand for our more sustainable products, a significant focus of our research and development and related innovation efforts.”

Annual report 2025A · The company itself

Bong AB · Driver

“Baserat på en växande efterfrågan på hållbara lösningar fortsätter förpackningsindustrin att fokusera på förnybara och återvinningsbara material. ”Förpackningsoch förpackningsavfallsförordningen” (PPWR), som trädde i kraft den 11 februari 2025, kommer att driva på nätbutikerna ännu mer att byta till återvinningsbara och resursbesparande lösningar som t.ex. postpåsar av papper.”

Annual report 2024A · The company itself

Boozt AB · Driver

“System för utökat producentansvar (Extended Producer Responsibility – EPR), som lägger ansvaret för avfallet från produkter och förpackningar på företagen, utgör en ökande finansiell risk. Avgifter kopplade till det utökade producentansvaret (EPR-avgifter) varierar beroende på region och material, där engångsplast och icke återvinningsbara material är förenade med högre kostnader. Nyligen genomförda höjningar av EPR-avgifterna, breddningen av det utökade producentansvaret till nya produktkategorier (till exempel textilier), Boozts prognostiserade verksamhetstillväxt samt det nära förestående införandet av förordningen PPWR (Packaging Waste Regulation) med sina strängare mål, är alla faktorer som pekar på väsentliga kostnadsökningar.”

Annual report 2024A · The company itself

Companies with exposure

AmcorSector unknown

Driver · weakens · strength 2/3

“Increased environmental legislation or regulation, including regulations related to extended producer responsibility ("EPR") and pollution mitigation funds, could result in higher costs for us in the form of payments under EPR programs, higher raw material costs, increased energy and freight costs, new taxes on packaging products which could reduce demand for our products, and result in increased litigation.”

Annual report 2026A · The company itself

Driver · weakens · strength 2/3

“Legislative and regulatory activity relating to plastic packaging, recycling, waste management, and EPR programs has increased in many jurisdictions and is expected to continue evolving. Such developments may result in product bans or restrictions on certain packaging formats or materials or could impose additional compliance obligations, taxes, fees, or investment requirements and/or operational adjustments, and could result in increased costs, litigation, penalties, reputational harm, unplanned capital expenditures or other liabilities that may adversely affect our business, financial condition, results of operations, or cash flows.”

Annual report 2026A · The company itself

Driver · weakens · strength 3/3

“Government bans of, or restrictions on, certain materials or packaging formats may close off markets to Amcor's business. For example, governmental authorities in the U.S., Europe and in other countries have become increasingly focused on the contamination of soil, air, and water exacerbated by the use of non-degradable chemicals, including per- and polyfluoroalkyl substances ("PFAS"). Various U.S. states have implemented, or are in the process of implementing, laws to restrict the use of PFAS in various applications, including in packaging materials or production processes. While we believe we are in compliance with existing regulations, the cost of compliance in the future to modify our products or production processes may be significant and adversely impact our financial position, results of operations, and cash flows.”

Annual report 2026A · The company itself

Driver · weakens · strength 2/3

“Many of our products are manufactured using petrochemical-based raw materials. Emerging restrictions on certain plastics or mandates to reduce plastic use may require shifts to more costly alternative materials or additional investment in the redesign of existing products and these costs might not be able to be passed on to our customers.”

Annual report 2026A · The company itself

Avery DennisonSector unknown

Driver · mixed effect · strength 3/3

“A substantial amount of our label materials is sold for use in packaging in the food, beverage, and home and personal care market segments. In recent years, there has been an accelerated focus on sustainability and transparency in sustainability reporting, with greater concern regarding climate change and single-use plastics, corporate commitments and increasing stakeholder expectations regarding the reuse and recyclability of plastic packaging and recycled content, and increased regulation in multiple geographies regarding the collection, recycling and use of recycled content. Changes in consumer preferences, laws and regulations related to the use of raw materials and extended producer responsibility rules focused on the end-of-life of products, particularly in Europe and certain states in the United States, present the risk of reduced demand for certain of our products if customers seek decoration technology alternatives to pressure-sensitive labeling, but also the opportunity for increased demand for our more sustainable products, a significant focus of our research and development and related innovation efforts.”

Annual report 2025A · The company itself

Bong ABSector unknown

Driver · strengthens · strength 3/3

“Baserat på en växande efterfrågan på hållbara lösningar fortsätter förpackningsindustrin att fokusera på förnybara och återvinningsbara material. ”Förpackningsoch förpackningsavfallsförordningen” (PPWR), som trädde i kraft den 11 februari 2025, kommer att driva på nätbutikerna ännu mer att byta till återvinningsbara och resursbesparande lösningar som t.ex. postpåsar av papper.”

Annual report 2024A · The company itself

Boozt ABSector unknown

Driver · weakens · strength 3/3

“System för utökat producentansvar (Extended Producer Responsibility – EPR), som lägger ansvaret för avfallet från produkter och förpackningar på företagen, utgör en ökande finansiell risk. Avgifter kopplade till det utökade producentansvaret (EPR-avgifter) varierar beroende på region och material, där engångsplast och icke återvinningsbara material är förenade med högre kostnader. Nyligen genomförda höjningar av EPR-avgifterna, breddningen av det utökade producentansvaret till nya produktkategorier (till exempel textilier), Boozts prognostiserade verksamhetstillväxt samt det nära förestående införandet av förordningen PPWR (Packaging Waste Regulation) med sina strängare mål, är alla faktorer som pekar på väsentliga kostnadsökningar.”

Annual report 2024A · The company itself

Driver · weakens · strength 3/3

“Under 2024 ökade de EPR-avgifter för förpackningar som Boozt berörs av med cirka 50% i Sverige, en av Boozts största marknader, och liknande ökningar skedde i andra länder. Boozt förväntar sig att de EPR-relaterade avgifterna kommer att fortsätta öka, både i pris men även i omfattning, till följd av att antalet produkter som omfattas av utökat producentansvar blir fler, till exempel textilier.”

Annual report 2024A · The company itself

ColoplastMedical devices

Driver · weakens · strength 3/3

“With our PVC and PVdC Policy, Coloplast is committed to using chlorine-free polymers in new products and using PVC or PVdC only when essential for product performance. We aim to modify existing products to replace these materials when possible.”

Annual report 2025A · The company itself

Driver · weakens · strength 3/3

“Coloplast’s targets for resource use and circular economy were defined by the Strive25 strategy. They applied from 2019/20 to 2024/25, which makes this year the final year, completing our targets concerning packaging and waste.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“90% of packaging is recyclable 80% of packaging consists of renewable materials 75% of production waste is recycled 1) The unit in which the targets are measured is percentage.”

Annual report 2025A · The company itself

ELOPAK ASASector unknown

Driver · weakens · strength 2/3

“Increased complexity in recyclability and recycling requirements will drive transition costs for our industry.”

Annual report 2024A · The company itself

Driver · strengthens · strength 3/3

“Leveraging our leading innovation capabilities for continued growth The harmonization of standards represents opportunities for substantial net advantages for Elopak, and for fiber-based packaging in general. By leveraging our long history of innovative capabilities, which has been a driver of new standards for the fiber-packaging industry for decades, PPWR offers us an opportunity to further strengthen our number one position in our core markets.”

Annual report 2024A · The company itself

Driver · weakens · strength 3/3

“Risk E5.4 Being able to offer low-carbon and circular packaging to keep up with consumer trends and political requirements.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“In the spring of 2025, Elopak will open a Recycling Lab in the Elopak Technology Center in Norway, which will play a crucial role in accelerating our design for recycling ambitions. The lab will enable us to make timely changes to our products during the design process, ensuring the highest standards of recyclability.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Elopak is well positioned to meet the PPWR and works across multiple dimensions Organization and capabilities Technology and product innovations Supplier collaboration initiatives Customer testing and collaboration Advocacy and industry collaborations Elopak Annual report 2024 Elopak Annual report 2024 105 105 Sustainability statement | Environmental information | E5 Resource use and circular economy Sustainability statement | Environmental information | E5 Resource use and circular economy fiber-based opening devices to replace plastic caps, and utilization of the fiber package itself as the opening mechanism (Easy Opening).”

Annual report 2024A · The company itself

EUROPRIS ASASector unknown

Driver · weakens · strength 3/3

“These sourcing decisions carry the responsibility of considering the impact on biodiversity in order to minimise negative impact and reputational risk related to not complying with the upcoming EU Deforestation Regulation (EUDR).”

Annual report 2024A · The company itself

Driver · weakens · strength 3/3

“In the second half of 2024, the group initiated a project to ensure compliance with the EU Deforestation Regulation (EUDR). The regulation was delayed by 12 months and will take effect in December 2025.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“Sale of products with excessive packaging To ensure protection during transport and enhanced shelf appeal, products are sometimes packaged excessively. This practice protects the products, but at the same time it may contribute to environmental degradation by increasing waste generation.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“As a member of Green Dot Norway, Europris meet the national legal requirements for waste by paying an environmental tax on all imported packaging which helps to finance Norway’s waste collection system.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Nudging consumers to less plastic bag consumption In line with the overall Norwegian national target to reduce plastic bags by 70 per cent from 2023 to 2025, Europris has taken several actions to support this target. A pilot programme has tested initiatives over a period of three months resulting in a national roll out in the second half of 2024.”

Annual report 2024A · The company itself

Huhtamäki OyjSector unknown

Driver · weakens · strength 3/3

“Changes in the business environment driven by regulation and sustainability present significant risks and opportunities. The company’s future growth and success depend on its continued ability to predict and respond to changes and its ability to innovate and develop new sustainable products and solutions in a timely manner. Regulatory changes may introduce material bans and other packaging related regulations, including those related to recyclability, recycled content requirements, single-use plastics, compostability, supply chain management and extended producer responsibility impacting packaging industry.”

Annual report 2025A · The company itself

Humble Group ABSector unknown

Driver · weakens · strength 3/3

“Av de förpackningar som våra dotterbolag sätter på marknaden består majoriteten av papper och plast medan en mindre del består av metall, såsom aluminiumburkar, samt glas och trä. Under 2024 var 79% av våra förpackningar återvinningsbara, att jämföra med vårt mål om 100% återvinningsbara förpackningar senast år 2030.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“Humble har både faktisk och potentiell negativ inverkan på cirkulär ekonomi. Faktiska genom avfall som genereras i värdekedjan, potentiella genom användning av icke-förnybara material samt design av förpackningar som inte stödjer processer för materialåtervinning.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“Kostnader för regeluppfyllnad. Strängare krav på avfallshantering och återvinning kan kräva investeringar i ny teknik, processer och material och bidra till ökade kostnader. • Marknadsrisker.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Vidtagna åtgärder inkluderar: • Minskad materialanvändning genom uteslutning och återanvändning av förpackningsmaterial och optimering av råvaruinköp. • Initiativ för att förebygga avfallsgenerering i produktionen. • Arbete för att öka förpackningars återvinningsbarhet genom ändringar i design och material, såsom att exkludera svart plast. • Dotterbolagen betalade tillsammans över 8 MSEK i förpackningsavgifter till Näringslivets producentansvar (NPA), vilka finansierar återvinningsinfrastruktur. • Initiativ för att uppmuntra konsumenter till i återvinning, såsom tydligare anvisningar på förpackningar. • Donation av varor nära bäst före-datum, som annars kasseras, till välgörenhetsorganisationer.”

Annual report 2024A · The company itself

Keurig Dr PepperSector unknown

Driver · weakens · strength 2/3

“Various countries, states, provinces, and other authorities have enacted eco-taxes, extended producer responsibility laws, water-use restrictions, deposit or reuse/refill mandates, fees on certain products or packaging, restrictions or bans on the use of certain types of packaging, including single-use plastics, and regulations on PFAS, and other chemicals of concern.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“•Increased concerns related to the use or disposal of plastics or other packaging materials can adversely affect our business and financial performance. •Significant additional labeling or warning requirements or limitations on the marketing or sale of our products may inhibit sales of affected products. •Our use of information technology and third-party service providers exposes us to cybersecurity breaches and other business disruptions that could adversely affect us. •Failure to comply with personal data protection and privacy laws can adversely affect our business. •Climate change or related legislation could adversely affect our business. •Water scarcity and quality could adversely affect our business. •Fluctuations in our effective tax rate may result in volatility in our financial results. •We may not complete the proposed JDE Peet's Acquisition within the time frame we anticipate, or at all, which could adversely affect our business.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Certain jurisdictions in which our products are sold have either imposed, or are considering imposing, new or increased taxes on the manufacture, distribution, or sale of certain of our products, particularly our beverages, as a result of ingredients (including sweeteners or alcohol) or packaging and packaging materials, which could increase the cost of certain of our products, reduce overall consumption of our products or lead to negative publicity, resulting in an adverse effect on our business and financial performance.”

Annual report 2025A · The company itself

Driver · weakens · strength 3/3

“Various jurisdictions in which our products are sold have imposed or are considering imposing laws, regulations, or policies intended to encourage the use of sustainable packaging, waste reduction, or increased recycling rates, or to restrict the sale of products utilizing certain packaging. These laws, regulations, and policies vary in form and scope between jurisdictions and include extended producer responsibility policies, plastic or packaging taxes, restrictions on certain products and materials, requirements for bottle caps to be tethered to bottles, restrictions or bans on the use of certain types of packaging, including single-use plastics and packaging containing PFAS, or other chemicals of concern, restrictions on labeling related to recyclability, and requirements to charge deposit fees.”

Annual report 2025A · The company itself

Driver · weakens · strength 3/3

“These laws and regulations have in the past and could continue to increase the cost of our products, impact demand for our products, result in negative publicity and require us and our business partners to increase capital expenditures to invest in reducing the amount of virgin plastic or other materials used in our packaging, to develop alternative packaging or product formats or to revise product labeling, all of which can adversely affect our business and financial performance.”

Annual report 2025A · The company itself

LyondellBasellSector unknown

Driver · weakens · strength 3/3

“The European Union has been undertaking a series of actions under its Circular Economy Action Plan, including adoption of the Single Use Plastics Directive in 2019, which introduced policy measures for single use plastics including bans, product design requirements, extended producer responsibility obligations, and labeling requirements, and adoption of the Packaging and Packaging Waste Regulation to replace the Packaging and Packaging Waste Directive. In addition, a host of single-use plastic bans, taxes and Extended Producer Responsibility (“EPR”) bills have been passed by countries around the world and states and municipalities throughout the U.S.”

Annual report 2025A · The company itself

Metsä Board OyjSector unknown

Driver · strengthens · strength 3/3

“We help customers navigat e the changing regulatory enviro nment Metsä Board has introduced a comprehensive circular economy statement that presents key material information and guidance on the recyclability and end-oflife treatment of its packaging materials. The statement helps customers comply with key international legislation and standards on packaging and packaging waste, and addresses extended producer responsibility (EPR) in the UK and recyclability claims in the US.”

Annual report 2025A · The company itself

Orthex OyjSector unknown

Driver · weakens · strength 3/3

“Regulatory developments, including the EU Packaging and Packaging Waste Regulation (PPWR) and the Single-Use Plastics Directive (SUPD), are accelerating the transition toward circular materials and design-for-recycling standards. These changes create both compliance requirements and opportunities for differentiation.”

Annual report 2025A · The company itself

PepsiCoSector unknown

Driver · weakens · strength 3/3

“Certain jurisdictions have either imposed or are considering imposing regulations designed to increase recycling rates, encourage waste reduction, restrict the sale of products utilizing certain packaging or to carry warnings about the environmental impact of plastic packaging. These regulations vary in scope and form from deposit return systems designed to incentivize the return of beverage containers, to extended producer responsibility policies and even restrictions or bans on the use of certain types of packaging, including single-use plastics and packaging containing per- and polyfluoroalkyl substances (PFAS).”

Annual report 2025A · The company itself

Smurfit WestrockSector unknown

Driver · weakens · strength 3/3

“In addition, if efforts aimed at transitioning to a lower carbon economy result in a transition towards the use of materials that are more suitable for reusable packaging, demand for paper packaging may decline, while demand for alternative packaging types may increase, which could adversely affect our results of operations, cash flows and financial condition, and the trading price of our ordinary shares.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Concern over climate change or the use and composition of packaging materials may also result in new or increased legal and regulatory requirements to reduce or mitigate impacts to the environment.”

Annual report 2025A · The company itself

Tapestry, Inc.Sector unknown

Driver · weakens · strength 3/3

“In addition, many of the countries where we and our suppliers operate continue to enact legislation and regulatory rules that address climate change and other sustainability issues, including expanded disclosure requirements on GHG emissions and other climate-related information. Consumers, trade associations, interested non-governmental organizations and other stakeholders have increased focus and emphasis on sustainable features of products and other sustainability topics, including traceability and transparency, sustainability claims and product labeling requirements, responsible sourcing and deforestation, the use of energy and water, and the recyclability or recoverability of packaging, product, and materials. The rules and regulations and governmental oversight continue to rapidly evolve with varying degrees of complexity and scope, many that include penalties for non-compliance. Any failure on our part to comply with sustainability-related legislation, regulations and frameworks could lead to adverse consumer action, government enforcement action and private litigation.”

Annual report 2026A · The company itself

ViatrisSector unknown

Driver · weakens · strength 3/3

“In the EU, evolving “extended producer responsibility” regulations have been proposed or adopted with respect to public wastewater treatment and use of plastics, among others. For example, as currently proposed, companies that manufacture, market, or supply pharmaceutical products will be required to pay a significant portion of the cost of upgrading public wastewater treatment plants across EU member states to treat urban wastewater to eliminate micropollutants.”

Annual report 2025A · The company itself

Waste ManagementSector unknown

Driver · weakens · strength 2/3

“Our operations must comply with extensive existing regulations, and changes in regulations, including with respect to emerging contaminants and extended producer responsibility, can restrict or alter our operations, increase our operating costs, increase our tax liabilities, reduce revenues, or require us to make additional capital expenditures.”

Annual report 2025A · The company itself

Driver · weakens · strength 3/3

“Regulations establishing extended producer responsibility (“EPR”) are being considered or implemented in many places around the world, including in certain states in the U.S. and provinces and territories in Canada. EPR regulations are designed to place either partial or total responsibility on producers of consumer-packaged goods and other products to fund the post-use life cycle of the products and packaging they create.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“These bans have increased pressure by manufacturers on our recycling facilities to accept a broader array of materials in curbside recycling and composting programs to alleviate public pressures to ban the sale of those materials.”

Annual report 2025A · The company itself

Zebra TechnologiesSector unknown

Driver · weakens · strength 3/3

“Laws focused on the energy efficiency of electronic products and accessories; recycling of both electronic products and packaging; reducing or eliminating certain hazardous substances in electronic products and accessories; and the transportation of batteries continue to expand significantly. Laws pertaining to accessibility features of electronic products, standardization of connectors and power supplies, the transportation of lithium-ion batteries, and other aspects are also proliferating.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Additional environmental regulations on materials, chemicals, energy and waste apply directly or indirectly to the design, manufacturing, use and end-of-use of semiconductor devices and solutions. As examples, the European Union (EU) and China are among a growing number of jurisdictions that have enacted restrictions on the use of lead and other materials in electronic products.”

Annual report 2025A · The company itself

AFRY ABSector unknown

Driver · strengthens · strength 2/3

“Till exempel är cirkularitet nyckeln till att realisera miljöfördelar med batterier som används i försörjnings-och transportsektorn. I Europa måste 50 procent av ett batteri återvinnas idag, med målet att öka andelen till 70 procent 2030.”

Annual report 2024A · The company itself

AKER BIOMARINE ASASector unknown

Strategy · strengthens · strength 2/3

“To further minimize waste and resource consumption, Aker BioMarine transitioned from one-time-use packaging for algae oil to reusable stainless steel vessels, significantly reducing material waste.”

Annual report 2024A · The company itself

Align TechnologySector unknown

Driver · weakens · strength 2/3

“Increased acceptance of our products and services depends in part on the recommendations of dental professionals, professional associations, societies and organizations, as well as other factors, including efficacy, safety, ease of use, reliability, aesthetics, third-party reimbursement, price compared to traditional treatment methods and competing products, and perceptions regarding single-use or non-recyclable plastics.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Other restrictions apply to the substances incorporated into our products, including the chemical compounds in our clear aligners, electronics in our scanners and the packaging in which they are shipped. These laws are proliferating and new substances subject to restrictions are added regularly and may require additional reporting or phasing out of certain chemicals and compounds such as per- and polyfluoroalkyl substances (PFAS) and microplastics.”

Annual report 2025A · The company itself

AltriaSector unknown

Input · weakens · strength 2/3

“For example, certain states have passed extended producer responsibility legislation concerning packaging. Because certain of our operating companies’ products’ packaging consists of single-use plastics, single-use plastic bans and extended producer responsibility mandates could result in bans on some of our operating companies’ product packaging or their products and adversely impact our costs and revenues.”

Annual report 2025A · The company itself

Apetit OyjSector unknown

Strategy · strengthens · strength 2/3

“Key measures in 2025: ● Meeting emission reduction targets: reducing energyrelated CO2 emissions by 80 per cent from 2019 ● Changing all the packaging materials of Apetit products sold through retail channels to recyclable Financial objectives EBIT will be > EUR 9 million (in 2025: EUR 5.9 million, excluding the non-recurring impact of the Foodhills acquisition) Return on capital employed (ROCE %) > 8% (2025: 11.7) RENEWED STRATEGY FOR 2026-2028 Apetit Plc published its strategy for 2026 -2028 in December 2025.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“During 2025, Apetit changed the packaging of all of its products sold in retail under the Apetit brand to recyclable material, in accordance with the goal set in the corporate responsibility program.”

Annual report 2025A · The company itself

Aspo OyjSector unknown

Driver · weakens · strength 2/3

“Leipurin is working to enhance the provision of sustainability-related product information for customers and aims to reduce waste in the supply chain in line with stakeholders’ expectations.”

Annual report 2025A · The company itself

ASTRAZENECA PLCSector unknown

Strategy · strengthens · strength 2/3

“We apply a science-based approach to our management of PFAS use, which includes ongoing evaluation and implementation of reductions or substitutions of PFAS materials wherever possible, while continuing to protect medicines for patients, including ensuring supply security, patient safety and regulatory compliance. Proposals for blanket bans of PFAS that do not account for essential uses could potentially affect development, manufacturing, packaging and drug delivery of medicines, raising a potential risk of shortages or the removal of therapeutic options, with significant impact for patients and public health.”

Annual report 2025A · The company itself

ATEA ASASector unknown

Driver · weakens · strength 1/3

“Emerging regulations Medium-term (3-5 years) E-waste management regulations Currently, Atea faces minimal financial impact from e-waste management regulations. However, as circular business models grow, e-waste management risks will increase, introducing new complexities.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“Traceability of take-back products Failing to properly track take-back products after they are sent for reuse or recycling can lead to e-waste dumping issues, even if the units have been wiped. This poses a significant risk to our reputation.”

Annual report 2024A · The company itself

Driver · weakens · strength 1/3

“Producers—defined as entities that manufacture, rebrand or import electronic equipment into a country for the first time—are responsible for financing the collection, treatment and recycling of e-waste. In instances where Atea has acted as a first-time importer, the following information has been collected from reports submitted to national authorities.”

Annual report 2024A · The company itself

Atria OyjSector unknown

Driver · weakens · strength 2/3

“Kehitystyössä painotetaan kiertotalouden periaatteita, kuten uudelleenkäyttöä ja kierrätystä, sekä kestävää materiaalivalintaa. - Keskipitkän aikavälin koko arvoketjuun kohdistuva negatiivinen vaikutus on ruokahävikin ja siihen liittyvien ympäristövaikutuksien kasvaminen. Vaikutus toteutuu, mikäli EU:n säädösten vaatimuksesta kehitetyt uudet pakkausratkaisut eivät ole yhtä tehokkaita kuin nykyinen teknologia elintarviketurvallisuuden ja laadun varmistamisessa.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Elintarviketeollisuuden pakkausmateriaalien käyttöä säädellään elintarviketurvallisuuteen tähtäävällä tiukalla EU tasoisella ja kansallisella lainsäädännöllä, mikä rajoittaa muun muassa kierrätetyn materiaalin käyttöä elintarvikepakkauksissa (EU 1935/2004).”

Annual report 2025A · The company itself

Ball CorporationSector unknown

Driver · weakens · strength 2/3

“Our operations are subject to federal, state, provincial and local laws and regulations in multiple jurisdictions relating to some of the raw materials utilized in our container making process. Various U.S. states have passed or are contemplating legislation restricting, and the EU is reviewing a proposal to restrict, the use of materials that contain intentionally added per- and polyfluoroalkyl substances (PFAS), which may require the company to continue to incur costs to convert 16 Table of Contents existing coatings to accommodate PFAS-free coatings.”

Annual report 2025A · The company itself

Baxter InternationalSector unknown

Driver · weakens · strength 2/3

“We are also subject to environmental laws, which are becoming more stringent throughout the world. For example, multiple jurisdictions, including the EEA and certain U.S. states have finalized, or are introducing, regulations associated with the use of Bis(2-ethylhexyl) (DEHP). We have obtained authorization to continue to use DEHP in certain of our products in the EEA, and our processes to remove DEHP from these products are in progress, but we cannot guarantee they will be completed prior to the effectiveness of all scheduled phase-outs, which may impact our ability to compete globally.”

Annual report 2025A · The company itself

Beijer Alma ABSector unknown

Driver · strengthens · strength 2/3

“Ett exempel är Botek som är specialiserat på fordonsmonterade avfallsvågar, ett område som gynnas av att kraven på mätning, rapportering och dokumentation ökat.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“RESURSANVÄNDNING OCH CIRKULÄR EKONOMI – E5 • Ambitionen är att övergå till återvinningsbara eller återanvändbara förpackningsmaterial för att minska avfallsgenereringen i senare led. • Koncernen strävar efter att öka andelen reparerbarhet i produkterbjudandet.”

Annual report 2024A · The company itself

Bio-TechneSector unknown

Driver · weakens · strength 2/3

“Table of Contents For instance, our use of animal-derived materials in certain products and manufacturing processes subjects us to regulatory, supply chain, quality, and reputational risks that could adversely affect our business. The sourcing, processing, importation, exportation, handling, storage, transportation and use of animal-derived materials are subject to complex and evolving laws, regulations and governmental oversight, including requirements administered by the USDA, APHIS, and the FDA, as well as customs authorities and comparable regulatory agencies in foreign jurisdictions.”

Annual report unknown yearA · The company itself

C.H. RobinsonSector unknown

Strategy · strengthens · strength 2/3

“Additionally, Robinson Fresh focuses on reducing waste through innovative technologies and sustainable packaging options across our product portfolio.”

Annual report 2025A · The company itself

Centene CorporationSector unknown

Driver · weakens · strength 2/3

“We provide services and support to manage our members' pharmacy benefits. These services are subject to extensive federal, state and local laws and regulations.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Several states have adopted, and others are considering adopting, extended producer requirement (EPR) laws covering end-of-life management of packaging, which aim to reduce waste and encourage sustainable product design through fees and processing requirements. We could incur shortages of or increased costs for certain food packaging we use due to changes made by our suppliers to comply with these EPR laws.”

Annual report 2025A · The company itself

Church & DwightSector unknown

Driver · weakens · strength 2/3

“This has resulted in new regulatory requirements such as various state-level Extended Producer Responsibility programs, California’s climate reporting legislation, the European Union’s (“EU”) Corporate Sustainability Reporting Directive (“CSRD”) and customer and consumer standards, as well as regulatory actions and executive orders issued by the current U.S. presidential administration that have targeted these areas.”

Annual report 2025A · The company itself

CloroxSector unknown

Driver · weakens · strength 2/3

“It may also face increased costs or mandatory funding obligations under extended producer responsibility or similar regulations or restrictions on materials and packaging types.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Legal requirements apply in various jurisdictions in the United States and elsewhere around the world requiring that deposits or certain ecotaxes or fees be charged in connection with the sale, marketing and use of certain beverage containers. The precise requirements imposed by these measures vary. Other types of statutes and regulations relating to beverage container deposits, recycling, ecotaxes, extended producer responsibility and/or restrictions or bans on the use of certain types of packaging, including certain packaging containing per- and polyfluoroalkyl substances (“PFAS”), also apply in various jurisdictions in the United States and elsewhere around the world.”

Annual report 2025A · The company itself

Colgate-PalmoliveSector unknown

Driver · weakens · strength 2/3

“Our ability to quickly innovate to adapt and market our products and to adapt our packaging or the sustainability profile of our products to meet evolving consumer preferences and/or regulatory requirements is an essential part of our business strategy.”

Annual report 2025A · The company itself

Concejo AB (publ)Sector unknown

Driver · strengthens · strength 2/3

“De skum som använts i traditionell skumsläckning har haft en mycket negativ miljöpåverkan då de innehåller högfluorerande ämnen (PFAS). Ökade miljökrav har därför drivit fram en efterfrågan på mer miljövänliga lösningar, vilket även omfattar större fasta system då CAF historiskt i huvudsak förekommit på mobila brandsläckningsenheter.”

Annual report 2024A · The company itself

Consti OyjSector unknown

Driver · weakens · strength 2/3

“Jätteiden lajittelu on osa koko rakentamisen arvoketjun toimintaa. Tiukentuvat kierrätystavoitteet vaikuttavat niin Constin kuin sen aliura koitsijoidenkin toimintaan työmaalla.”

Annual report 2025A · The company itself

Driver · weakens · strength 1/3

“Consti noudattaa jätehuoltoon liittyvää lainsäädäntöä, säädöksiä ja ohjeita ja seuraa niihin liittyvää kehitystä.”

Annual report 2025A · The company itself

CostcoSector unknown

Driver · weakens · strength 2/3

“For example, multiple states are implementing extended producer responsibility laws that will require us to enact policies and processes and will increase expenses in the form of fees paid to the state governments, else be subject to fines and penalties, among other effects.”

Annual report 2025A · The company itself

Dell TechnologiesSector unknown

Driver · weakens · strength 1/3

“In addition, our operating costs could increase because of copyright levies or similar fees by rights holders and collection agencies in European and other countries.”

Annual report 2026A · The company itself

Driver · weakens · strength 2/3

“Our operations are subject to environmental and safety regulations in all areas in which we conduct business. Product design and procurement operations must comply with new and future requirements relating to climate change laws and regulations, materials composition, sourcing, energy efficiency and collection, recycling, treatment, transportation, and disposal of electronics products, including restrictions on mercury, lead, cadmium, lithium metal, lithium ion, and other substances.”

Annual report 2026A · The company itself

Dollar TreeSector unknown

Driver · weakens · strength 2/3

“These laws and regulations may include, but are not limited to, requirements relating to hazardous waste materials, recycling, single-use plastics, so-called “chemicals of concern,” extended producer responsibility, use of refrigerants, carbon pricing or carbon taxes, product energy efficiency, animal welfare standards and product labeling.”

Annual report 2026A · The company itself

Dow Inc.Sector unknown

Driver · weakens · strength 2/3

“The new pouch includes 10 percent recycled content and can help comply with the 2030 target required by the packaging and packaging waste regulations for contact-sensitive packaging in Europe. •Dow announced INNATE™ TF 220 precision packaging resin and advanced collaborations with leading laundry detergent brand Liby to redefine packaging circularity with high-performance biaxially oriented polyethylene films for flexible packaging.”

Annual report 2025A · The company itself

ELKEM ASASector unknown

Strategy · strengthens · strength 2/3

“In alignment with the EU’s Packaging Directive, Elkem has introduced new projects to reduce packaging waste. Elkem is adopting big bags with at least 30 per cent recycled polypropylene (rPP), reducing their carbon footprint by approximately 15 per cent annually.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Essity strävar efter 100 % återvinningsbarhet och 85 % förnybara eller återvunna material i bolagets förpackningar. Detta mål gäller för såväl pappers– som plastförpackningar för Essitys varumärken.”

Annual report 2024A · The company itself

Fastighets AB BalderSector unknown

Driver · weakens · strength 2/3

“Nedan följer en lista över bolagets pågående nyckelåtgärder kopplade till resursanvändning och cirkulär ekonomi: • Miljöcertifiering av fastigheter • Kontrollplan enligt avfallsdirektiv • Resurs- och avfallsrutin för projekt • Tydlig information och välvårdade avfallsrum • Samarbete med CCBuild för att öka återanvändning Miljöcertifiering av byggnader Balder har som mål att nyproducerade fastigheter ska certifieras enligt minst Miljöbyggnad Silver eller motsvarande, vilket exempelvis innebär BREEAM Very Good, LEED Gold eller Svanen.”

Annual report 2024A · The company itself

Flex Ltd.Sector unknown

Driver · weakens · strength 2/3

“We are also subject to laws governing the recyclability of products, the materials that may be included in products, and our obligations for product end-of-life disposal, including to dispose of products after end users have finished with them. Applicable regimes include the EU Waste Electrical and Electronic Equipment Directive, China's regulation on electronic information products, and the EU carbon border adjustment mechanism.”

Annual report 2026A · The company itself

Flügger group A/SBuilding materials

Driver · weakens · strength 2/3

“Der er en risiko for, at Flügger kan miste miljømærker på koncernens produkter, hvis regulatoriske krav ikke overholdes. - Opstrøms/ Nedstrøms - S Aktuel/ Tidshorisont for indvirkning Arbejdsulykker i produktion og butik Størstedelen af Flüggers medarbejdere er beskæftiget i koncernens butikker, produktion og lagre.”

Annual report 2026A · The company itself

General MillsSector unknown

Driver · weakens · strength 2/3

“We may also be subject to new laws or regulations restricting the marketing or sale of our products because of ingredients or substances (including the processing thereof) in our products or product packaging. These limitations may require that we highlight perceived concerns about a product or product packaging, warn consumers to avoid consumption of certain ingredients or substances present in our products, restrict the audience to whom products are marketed or sold, limit the locations in which our products may be available, or discontinue the use of certain ingredients or packaging.”

Annual report 2026A · The company itself

Strategy · strengthens · strength 2/3

“Vi stiller som et minimumskrav etterlevelse av FNs 10 Global Compact-prinsipper for beskyttelse av miljøet og krav til størst mulig reparasjonsandel, gjenbruk av likeverdige deler i erstatninger, partiell reparasjon ved skade på eiendom, og stiller strenge krav til at avfall skal resirkuleres.”

Annual report 2024A · The company itself

GYLDENDAL ASASector unknown

Driver · weakens · strength 2/3

“Tabell: Tiltak og ressurser for risiko knyttet til forbrukere og sluttbrukere Risiko Tiltak/strategi Status Evaluering Tidshorisont Endrede rammebetingelser og håndhevelsen av disse kan medføre betydelig kostnadspåslag samt behov for å forenkle tilbudet av multimediale læremidler.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“We are also subject to legislation in an increasing number of jurisdictions that makes producers of electrical goods, including servers and networking equipment, subject to certain repairability requirements or financially responsible for specified collection, recycling, treatment, and disposal of past and future covered products.”

Annual report 2025A · The company itself

HKFoods OyjSector unknown

Driver · weakens · strength 2/3

“HKFoodsin jätteisiin ja sivuvirtoihin liittyvät tavoitteet liittyvät ensisijaisesti jätehierarkian kerroksiin 1 (jätteen määrän vähentäminen) ja 2 (uudelleen käytettävien materiaalien hyödyntäminen), mutta yhtiö toteuttaa toimenpiteitä myös muiden kerrosten osalta. • Pakkausten kierrätyskelpoisuuden lisääminen ja pakkaus- ja pakkausjäteasetuksen vaatimusten täyttäminen: o 80 prosenttia myyntipakkausten materiaaleista on teknisesti kierrätyskelpoisia vuoden 2028 loppuun mennessä.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Vuonna 2025 64 prosenttia myyntipakkausten materiaaleista oli teknisesti kierrätyskelpoisia. o Kaikissa myyntipakkauksissa on lajittelumerkinnät EU:n asetuksen 2025/40 mukaisesti 1.1.2028 alkaen tai 24 kuukautta toimeenpanosäädöksen julkaisusta.”

Annual report 2025A · The company itself

Hormel FoodsSector unknown

Driver · weakens · strength 2/3

“For example, multiple states in the U.S. have implemented, or are considering implementing, extended producer responsibility laws that will require the Company to enact policies and processes and will increase expenses, including through fees paid to state governments in connection with such laws.”

Annual report 2025A · The company itself

International PaperSector unknown

Driver · weakens · strength 2/3

“In addition, legal developments, such as new governmental regulations on single-use packaging products could significantly alter the market for our products.”

Annual report 2025A · The company itself

Investor AktiebolagSector unknown

Strategy · strengthens · strength 2/3

“Mölnlycke invigde en ny handskfabrik i Malaysia för att möta framtida efterfrågan och minska sitt klimatavtryck.”

Annual report 2022A · The company itself

KenvueSector unknown

Driver · weakens · strength 2/3

“Compliance with existing or future requirements could require us to incur significant operating or capital expenditures or result in significant restrictions on our operations, including installing pollution control equipment or reformulating or ceasing the marketing of certain products. We also are subject to extensive and evolving regulations regarding the manufacturing, processing, distribution, importing, exporting, registration, and labeling of our products and their raw materials. This includes the REACH regulations, which came into effect in the EU in 2007, with implementation rolling out over time, and includes certain chemical evaluation and registration requirements and potential restrictions.”

Annual report 2025A · The company itself

Kesko OyjSector unknown

Driver · weakens · strength 2/3

“Regulations and legislation Changes in national and international regulations, for example restrictions related to private label products or new sustainability requirements, could impact the operating conditions for business and profitability.”

Annual report 2025A · The company itself

Keysight TechnologiesSector unknown

Driver · weakens · strength 2/3

“We are also regulated under a number of international, federal, state, and local laws regarding recycling, product packaging, and product content requirements. The environmental, product content/disposal, and recycling laws are gradually becoming more stringent and may cause us to incur additional costs in the future.”

Annual report 2025A · The company itself

KID ASASector unknown

Strategy · strengthens · strength 2/3

“All wood and paper products within the assortment shall be certified to FSC or similar certification schemes by the end of 2025. With the implementation of a new ERP system in 2025 and based on the requirements in EU's Regulation on Deforestation-free Products, we will strengthen the actual data and significantly improve the due diligence process for wood and paper.”

Annual report 2024A · The company itself

KrogerSector unknown

Driver · weakens · strength 2/3

“In addition, certain states have adopted Extended Producer Responsibility (“EPR”) packaging legislation with which we must comply.”

Annual report 2026A · The company itself

LumentumSector unknown

Driver · weakens · strength 2/3

“These regulations include, for example, the Registration, Evaluation, Authorization and Restriction of Chemicals (“REACH”), the Restriction of the Use of Certain Hazardous Substances in Electrical and Electronic Equipment Directive (“RoHS”) and the Waste Electrical and Electronic Equipment Directive (“WEEE”) enacted in the European Union which regulate the use of certain hazardous substances in, and require the collection, reuse and recycling of waste from, certain products we manufacture. These regulations and similar legislation may require us to re-design our products to ensure compliance with the applicable standards, for example by requiring the use of different types of materials, which could have an adverse impact on the performance of our products, add greater testing lead-times for product introductions or other similar effects.”

Annual report 2026A · The company itself

Luotea OyjSector unknown

Driver · weakens · strength 2/3

“Luotean riskiarvioinnissa on huomioitu regulaatioriskien taustalla muun muassa päästöoikeuksien hintakehitys, biotalouden ja vähähiilisen talouden skenaariot, kiertotalouteen liittyvän lainsäädännön kehitys ja mahdolliset muutokset kansalliseen jätelainsäädäntöön, kansalliset kierrätys- ja uudelleenkäyttötavoitteet.”

Annual report 2025A · The company itself

McDonald'sSector unknown

Driver · weakens · strength 2/3

“Many of our markets are subject to increasing, conflicting and highly prescriptive legislative, regulatory or administrative developments and enforcement priorities involving, among other matters, restaurant operations, product packaging and extended producer responsibility, marketing, use of information technology systems, the nutritional and allergen content and safety of our food and other products, labeling and other disclosure practices.”

Annual report 2025A · The company itself

Driver · weakens · strength 1/3

“We have faced increased scrutiny related to reporting on and achieving these initiatives, as well as continued public focus on similar matters, such as packaging and waste, animal health and welfare, deforestation and land use.”

Annual report 2025A · The company itself

Merck & Co.Sector unknown

Driver · weakens · strength 2/3

“Governmental authorities, non-governmental organizations, customers, investors, external stakeholders and employees are sensitive to environmental, social and governance concerns, such as human capital, climate change, water use, recyclability or recoverability of packaging, and plastic waste.”

Annual report 2025A · The company itself

Microchip TechnologySector unknown

Driver · weakens · strength 2/3

“The number and complexity of laws and customer requirements focused on the energy efficiency of electronic products, the recycling of electronic products, the reduction of chemicals used in and to manufacture electronic products, and the reduction in the amount of packing materials and the increase in the required recycling of packing materials have expanded significantly. It may be difficult for us to timely comply with these laws and we may have insufficient quantities of compliant products to meet customers' needs, thereby adversely impacting our sales and profitability.”

Annual report 2026A · The company itself

Driver · weakens · strength 2/3

“In Canada, changes to provincial trade rules and regulations, distribution models and packaging requirements, such as the use of government-owned retail outlets and industry standard returnable bottles, may be disadvantageous to us and adversely impact our business and financial results. In the second half of 2024, the Province of Ontario expanded the licensed sale of beer, wine and RTDs to all convenience stores and all eligible grocery and big-box grocery stores. This ongoing evolution of the Ontario beer market may have a significant impact on the financial results of our ownership in Brewers Retail, Inc. and adversely affect our financial results.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“In addition, a number of governmental authorities, in the U.S. and internationally (including the U.K. and the EU), have enacted, are considering, or plan to introduce legislation targeting packaging materials. These initiatives include efforts to reduce plastic and other materials, eliminate single-use packaging, and expand funding for recycling infrastructure. The requirements of Extended Producer Responsibility ("EPR") and deposit return system ("DRS") legislation and regulations vary by jurisdiction, and such legislation, as well as voluntary initiatives aimed at reducing packaging waste, could reduce demand for our products, increase our compliance and other costs or otherwise adversely impact our business, financial condition and results of operations.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Various laws and regulations govern food production, sourcing, packaging and waste management (including packaging containing PFAS), storage, distribution, sales, advertising, labeling and marketing, as well as intellectual property, competition, antitrust, trade and export controls, labor (including human rights), tax, social and environmental matters, privacy, data protection, machine learning and artificial intelligence, and health and safety practices.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“This includes ongoing efforts to sustainably source key ingredients, reduce our end-to-end environmental impact and enhance our processes and packaging to reduce waste and promote recycling.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“We are subject to various foreign, federal, state and local laws and regulations that govern the environment, including those restricting the presence of certain substances in electronic products and making manufacturers of those products financially responsible for the collection, treatment, recycling and disposal of certain products. Such laws and regulations have been passed in several jurisdictions in which we operate, including various EU member countries and countries in Asia.”

Annual report 2025A · The company itself

Monster BeverageSector unknown

Driver · weakens · strength 2/3

“In addition, there has been increasing regulatory activity globally regarding constituents in packaging materials, including perfluoroalkyl and polyfluoroalkyl substances (“PFAS”) and bisphenol A (“BPA”). Regardless of whether perceived health consequences of these constituents are justified, such regulatory activity could result in additional government regulations that impact the packaging of our beverages.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Other countries, such as Argentina, Brazil, China, Chile, Colombia, the Czech Republic, Ecuador, Honduras, Hungary, Jordan, Poland, the member states of the Gulf Cooperation Council, the member states of the Caribbean Community and Common Market (CARICOM), Mexico, the Central American Community, the People’s Republic of China, Paraguay, Peru, Uruguay, South Africa, and the member states of the Southern Common Market (MERCOSUR) are also considering, or have enacted, new labeling requirements, which may require us to amend our labels and warning statements. More generally, some markets have specific energy drink standards that do not always allow for inclusion of certain ingredients, such as L-carnitine and ginseng, or that otherwise restrict the levels of certain ingredients in our products.”

Annual report 2025A · The company itself

Orion OyjSector unknown

Driver · weakens · strength 2/3

“In anticipation of future regulatory developments, Orion is conducting preliminary assessments of its product portfolio, focusing on environmental hazardousness factors and biodegradability. These evaluations are being carried out despite the current absence of standardised legislative frameworks.”

Annual report 2025A · The company itself

Driver · weakens · strength 1/3

“Orion is also assessing the potential impact of future Extended Producer Responsibility (EPR) schemes, including the feasibility of maintaining certain products on the market under such conditions.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“I F.C. København og Parken er der et særligt fokus på reduktion af affaldsstrømme i forbindelse med afvikling af fodboldkampe og koncerter. Som led i denne indsats arbejder der på at erstatte engangsplastikprodukter, herunder ølkrus og service, med biokomposterbare produkter.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“The EU Single-Use Plastics Directive, which requires tobacco manufacturers and importers to cover the costs of public collection systems for tobacco product filters, under Extended Producer Responsibility ("EPR") schemes, came into force on July 2, 2019. As of December 31, 2025, the majority of EU Member States transposed the directive into national legislation and brought into force mandatory EPR schemes and related EPR costs for tobacco manufacturers and importers.”

Annual report 2025A · The company itself

Pricer AktiebolagSector unknown

Driver · weakens · strength 2/3

“Resursutflöden • Negativ påverkan Återvinning av elektroniska hyllkantsetiketter möter utmaningar på grund av deras komplexa design, vilket påverkar de cirkulära flödena negativt.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“Redan i produktutvecklingsfasen säkerställer vi att batterier kan separeras och återvinnas på rätt sätt. I Europa betalar vi producentansvaravgifter för att täcka vår del av kostnaderna för återvinning.”

Annual report 2024A · The company itself

Ratos ABSector unknown

Driver · strengthens · strength 2/3

“SSEA Group genomför pilotprojekt inom klimatneutralt byggande Projektet, som byggbolaget SSEA Group genomför tillsammans med MKB Fastighets AB, omfattar nybyggnation av 12 lägenheter i Malmö. MKB Fastighets ABs ambition är att med projektet, som går under namnet Rapsen 2, utveckla bolagets kompetenser inom hållbart byggande och testa att bygga med stomme av korslimmat trä.”

Annual report 2024A · The company itself

Republic ServicesSector unknown

Driver · weakens · strength 2/3

“Several states have also enacted or are considering “minimum recycled content” regulations mandating certain minimum post-consumer 15 Table of Contents recycled content in certain types of packaging, including California.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“For instance, several states have passed legislation commonly referred to as Extended Producer Responsibility. These laws are intended to shift the cost of recycling from consumers to producers while also mandating increased supply, which could lead to lower commodity prices.”

Annual report 2025A · The company itself

SOLAR A/SIndustrials

Driver · weakens · strength 2/3

“We strive to source 100% certified recycled cardboard packaging materials for customer use. ● We are constantly on the outlook for new processes and projects to create a positive impact on the resource and circular economy within our value chain. ● We are currently in the process of implementing the Packaging and Packaging Waste Regulation (PPWR).”

Annual report 2025A · The company itself

SolventumSector unknown

Driver · weakens · strength 2/3

“Furthermore, new regulatory mandates related to extended producer responsibility laws, single-use plastic or chemical bans, or similar product-focused legislation may cause shift in market trends.”

Annual report 2025A · The company itself

StarbucksSector unknown

Driver · weakens · strength 2/3

“Additionally, environmentally focused taxes or other measures, such as plastic packaging levies or extended producer responsibility laws, are gaining traction. These measures can adversely affect our financial performance by raising product costs, reducing consumption, or generating negative publicity.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Additionally, growing stakeholder focus on responsible business matters has led to heightened expectations and regulatory requirements, such as extended producer responsibility obligations that relate to our product packaging, the EU’s Corporate Sustainability Reporting Directive, or the state of California’s new climate change disclosure requirements. The evolving obligations may increase compliance costs and the risk of noncompliance.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Storskogen arbetar även med att förbereda de affärsenheter som omfattas av EU:s ”Ecodesign for Sustainable Products Regulation” för att implementera digitala produktpass. Dessa pass inkluderar data om reparerbarhet, återvinningsgrad och kemikalieinnehåll, vilket förbättrar produktstyrningen och stärker anpassningen till hållbarhetskrav.”

Annual report 2024A · The company itself

Svedbergs Group ABSector unknown

Driver · weakens · strength 2/3

“Risker N+E E Ökade kostnader för bortskaffande av avfall.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“Tydliga rutiner för avfall och avfallshantering Avfall genereras i olika led i Svedbergs Groups värdekedja: vid produktion hos underleverantörer, inom den egna verksamheten och i samband med end-of-life.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Målet är att alla förpackningar ska vara återvinningsbara eller återanvändningsbara senast 2025.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Den kommuniceras och finns tillgänglig för alla relevanta intressenter via lämpliga kanaler (intranät, webbplats, etc). • Senast 2030 ska alla nya produkter vara utvecklade i enlighet med cirkulära designprinciper • Avfallet i den egna verksamheten ska minska med 35 procent fram till 2030. • Minst 90 procent av produktmaterialen ska vara återvinningsbara till 2030. • Uppnå minst 30 procent återvunnet innehåll i alla våra produktmaterial till 2030.”

Annual report 2024A · The company itself

Synsam AB (publ)Sector unknown

Strategy · strengthens · strength 2/3

“Avfallshantering med fokus på återvinning och återanvändning Synsam arbetar aktivt med att, i så stor utsträckning som möjligt, minimera användningen av material. Koncernen har som ambition att allt förbrukningsmaterial i verksamheten i första hand ska gå till återanvändning, materialåtervinning eller energiåtervinning.”

Annual report 2024A · The company itself

TE ConnectivitySector unknown

Driver · weakens · strength 2/3

“The EU, China, U.S., and other jurisdictions in which our products are sold have enacted or are proposing to enact laws addressing environmental and other impacts from product disposal, use of hazardous materials in products, use of chemicals in manufacturing, recycling of products at the end of their useful life, circular economy initiatives, and other related matters. These laws include but are not limited to the EU RoHS, End-of-Life Vehicle, and WEEE Directives; the EU REACH regulation; and the China RoHS regulation.”

Annual report unknown yearA · The company itself

TECHSTEP ASASector unknown

Driver · weakens · strength 2/3

“The scenario analysis indicates that Techstep, in the transition to a low emission society, will probably face increasing transition risks over time due to higher hardware costs from supply chain disruptions and stricter e-waste regulations. Risks identified over a short- and long-term period are compliance costs, material constraints and potential failure to adapt to a circular economy.”

Annual report 2024A · The company itself

TELE2 ABSector unknown

Driver · weakens · strength 2/3

“Policyn föreskriver även efterlevnad av EU:s avfallshanteringsregler, inklusive Waste Electrical and Electronic Equipment Directive (WEEE) och Restriction of Hazardous Substances Directive (RoHS), för att säkerställa ansvarsfull avfallshantering och återvinning av material.”

Annual report 2024A · The company itself

TeradyneSector unknown

Driver · weakens · strength 2/3

“The directive on the Restriction of the Use of Certain Hazardous Substances in Electrical and Electronic Equipment (the “RoHS Directive”) and the directive on Waste Electrical and Electronic Equipment (the “WEEE Directive”) altered the form and manner in which electronic equipment is imported, sold and handled in the European Union. Other jurisdictions, such as China, have followed the European Union’s lead in enacting legislation with respect to hazardous substances and waste removal.”

Annual report 2025A · The company itself

Tokmanni Group OyjSector unknown

Driver · weakens · strength 2/3

“Tämä tarkoittaa esimerkiksi EU:n jätehierarkian mukaista toimintaa konsernin omassa toiminnassa niin, että jätteiden syntyä ehkäistään ja jätteitä uudelleenkäytetään, kierrätetään ja hyödynnetään ennen loppukäsittelyä. Tämä tarkoittaa myös materiaalitehokkuuden ja kiertotalouden edistämistä luopumalla neitseellisten raaka-aineiden käytöstä ja lisäämällä sekundääristen ja uusiutuvien raakaaineiden käyttöä sekä omassa toiminnassa että arvoketjussa.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Käyttöohjeet tarjotaan kohdemarkkinan kielellä, ja ne on tehty helposti ymmärrettäviksi esimerkiksi käyttämällä riittävän suuria ja helposti luettavia kirjasimia. Jokaisessa tuotteessa esitetään läpinäkyvästi valmistusmaa sekä ohjeet tuotteen ja pakkausmateriaalien kierrätykseen, minkä tarkoituksena on tukea kestävää kulutusta ja jätehuoltoa.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“2.3.2 Resurssitehokkuuteen ja kiertotalouteen liittyvien vaikutusten hallinta ja toimintaperiaatteet (E5-1) Tokmanni -konserni otti vuonna 2025 käyttöön ympäristöpolitiikan, joka käsittelee myös resurssien käyttöön ja kiertotalouteen liittyviä olennaisia IROja.”

Annual report 2025A · The company itself

Tyson FoodsSector unknown

Driver · weakens · strength 2/3

“Our products are similarly subject to many evolving environmental laws, such as labeling and disclosure requirements, packaging specifications, and waste reduction initiatives (including those related to single-use plastics and extended producer responsibility obligations). Increased compliance costs and expenses due to increasing legal and regulatory environmental requirements could be prohibitively costly and may cause disruptions in, or an increase in the costs associated with, the running of our production facilities or production of products.”

Annual report 2025A · The company itself

VertivSector unknown

Driver · weakens · strength 2/3

“For example, the European Union Restriction on the Use of Certain Hazardous Substances in Electrical and Electronic Equipment Directive and similar laws and regulations of China and other jurisdictions limit the content of certain hazardous materials such as lead, mercury, and cadmium in the manufacture of electrical equipment, including our products. Additionally, the EU, China and other jurisdictions have adopted or proposed versions of the Waste Electrical and Electronic Equipment Directive, which requires producers of electrical and electronic equipment to assume responsibility for collecting, treating, recycling and disposing of products when they have reached the end of their useful life, as well as Registration, Evaluation, Authorization and Restriction of Chemical Substances regulations, which regulate the handling and use of certain chemical substances that may be used in our products.”

Annual report 2025A · The company itself

Vitrolife ABSector unknown

Strategy · strengthens · strength 2/3

“Vi har dessutom startat ett omfattande program för hållbara förpackningar, där det bland annat ingår en grundlig utvärdering av våra primära och sekundära förpackningsmaterial i jämförelse med rådande miljöstandarder.”

Annual report 2024A · The company itself

WalmartSector unknown

Driver · weakens · strength 2/3

“The impact of new laws, regulations and policies and the related interpretations, as well as changes in enforcement practices or regulatory scrutiny as to existing laws and regulations (including, but not limited to, in the U.S., shifting enforcement priorities for existing antitrust, competition and pricing laws (including new or expanded laws relating to dynamic and algorithmic pricing), use and disposal of plastics, recycled plastics or other packaging materials, social and environmental initiatives, consumer protection and AI technology, as well as proposed new rules and regulations) generally cannot be predicted, and changes in applicable laws, regulations and policies and the related interpretations and enforcement practices of existing laws and regulations may require extensive system and operational changes, be difficult to implement, increase our operating costs, require significant capital expenditures, adversely impact the cost or attractiveness of the products or services we offer, or result in adverse publicity and harm our reputation.”

Annual report 2026A · The company itself

Waters CorporationSector unknown

Driver · weakens · strength 2/3

“Customers, consumers, investors and other stakeholders continue to focus on environmental issues, including climate change, energy and water use, plastic waste and other sustainability concerns. Concern over climate change or plastics and packaging materials, in particular, may result in new or increased legal and regulatory requirements to reduce or mitigate impacts to the environment. Changing customer and consumer preferences or increased regulatory requirements may result in increased demands or requirements regarding plastics and packaging materials, including single-use and non-recyclable plastic products and packaging, other components of our products and their environmental impact on sustainability, or increased customer and consumer concerns or perceptions (whether accurate or inaccurate) regarding the effects of substances present in certain of our products.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“For example, the European Union and some states in the United States have introduced, and are considering more comprehensive updates to, regulations aimed at restricting the use of per and polyfluoroalkyl substances (“PFAS”) in packaging. Such regulations restricting or banning PFAS could adversely affect our business and results of operations in the event of our non-compliance and/or our development and adoption of alternative materials in our products.”

Annual report 2025A · The company itself

Wärtsilä Oyj AbpSector unknown

Driver · weakens · strength 2/3

“Wärtsilä on poistanut eräät huolta aiheuttavat aineet käytöstä ja rajoittaa muiden käyttöä tuotteissaan EU:n REACH-asetuksen ja kansainvälisen sääntelyn mukaisesti (esim. IMO:n merenkulkua koskevat määräykset) ja tiedottaa asiakkaitaan tuotteissa käytetyistä erityistä huolta aiheuttavista aineista.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“These regulations address both environmental (non-GHG) aspects and the safety of handling and applying fertilizer. Such regulations could impact Yara’s earnings and its license to operate. • Management systems and processes for identification of forthcoming requirements, impact assessments, implementing feasible solutions, and managing the environmental impacts of operations and products • Development of new technologies and business models to meet regulatory requirements and environmental and climate requirements • Participation in relevant arenas to influence existing and new regulations E2: Pollution Nature impacts and dependencies Yara’s business operations are potentially exposed to various nature and ecosystemrelated risks.”

Annual report 2024A · The company itself

AddLife ABSector unknown

Driver · weakens · strength 1/3

“Ny miljölagstiftning kopplad till transporter och produktmaterial kan påverka försäljningen för AddLifes dotterbolag.”

Annual report 2023A · The company itself

Arjo AB (publ)Sector unknown

Driver · weakens · strength 1/3

“E2 – Föroreningar SVHC-ämnen (Substance of Very High Concern) Potentiell negativ påverkan SVHC-ämnen (Substance of Very High Concern) Potentiell negativ påverkan i sluthanteringen av bolagets produkter.”

Annual report 2024A · The company itself

BHG Group ABSector unknown

Driver · weakens · strength 1/3

“För att minimera mängden avfall som skapas vid tillverkning uppmuntras leverantören att minska, återanvända och återvinna produkter och material.”

Annual report 2024A · The company itself

DoorDashSector unknown

Driver · weakens · strength 1/3

“Our self-operated retail locations also expose us to different regulatory requirements and risks than our Marketplaces and Commerce Platform, in particular with respect to food safety, permit and license requirements, and zoning restrictions, and certain other business risks, including inventory shrinkage and the impact of changing economic policy on the cost of resold goods.”

Annual report 2025A · The company itself

MOWI ASASector unknown

Driver · weakens · strength 1/3

“We also address requirements related to packaging, product specifications, and labelling. While fresh whole salmon remains our main product, we have continuously expanded our portfolio over the years with a range of new, innovative product lines designed to meet diverse local customer and consumer needs and preferences across all channels.”

Annual report 2024A · The company itself

Driver · weakens · strength 1/3

“Waste from packaging material Handling waste from packaging equipment by Nordic’s direct customers and distributors can have environmental impacts. Improper waste management, such as related to incineration, landfilling, or recycling, may lead to the release of pollutants. While some recycling efforts are in place, effective waste management and continued use of plastic packaging materials remain challenges. l l l l Waste is generated during the semiconductor manufacturing process from the use of materials and components.”

Annual report 2024A · The company itself

Scanfil OyjSector unknown

Driver · weakens · strength 1/3

“Key points include: • Resource responsibility: Suppliers are expected to use resources responsibly and work toward minimizing their environmental impact. • Energy efficiency: According to the Supplier Code of Conduct, energy consumption and greenhouse gas emissions are to be tracked and documented, at the facility and/or corporate level. • Transparency: Suppliers should disclose their environmental practices and performance according to the applicable regulations and industry standards, as well as their GHG emissions.”

Annual report 2025A · The company itself

Stryker CorporationSector unknown

Driver · weakens · strength 1/3

“For example, governmental authorities in the United States and internationally have or are considering adopting regulations on the use of per- and polyfluoroalkyl substances.”

Annual report 2025A · The company itself